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20121128
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that is deprived of its volatility, the system becomes very fragile. just like the economy became fragile by micromanaging. >> let me use that to segue into the text. this book -- define for me "antifragile." >> what is the opposite of fragile? they tend to say robust, solid. the opposite of fragile is something that gains from disorder. i was an options trader for a long time, half of my life. i had a name for things that were harmed by volatility. i realized that you can map fragility as something that gains from volatility. things that gain from volatility, we have to have a name different from resilience. i call them "antifragile." people make mistakes shooting for robustness and stability, things that need -- you go to the gym. people work out. they stress their body and their body gets stronger from stress. it is the same thing with your bones. the same thing applies to economic life. anything organic requires some dose of variability. fixing things is not a good idea. we have departed from the enlightenment of this notion of vieing economic life as something again into thinking tha
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